1108 Cambridge Road, Kill Devil Hills, NC 27948

Property Description

MAJOR PRICE IMPROVEMENT — NOW $299,000! Turn-key Outer Banks investment opportunity with a proven rental history and an impressive return. At this new price point, this Bermuda Bay condo offers an exceptional opportunity for investors seeking a vacation rental, winter rental, or personal beach getaway with income-producing potential. Welcome to Calypso Cay, an island-inspired condo ideally configured for vacation rentals. The ground level features a dry entry and spacious two-car garage with room for owner storage, bikes, beach gear, or even a game room to enhance rental appeal. The second level offers two private primary suites, each with its own bath and deck, providing an ideal layout for guest comfort and maximizing rental flexibility. The top floor delivers the “wow” factor with an open-concept living area, high ceilings, bright kitchen, and multiple outdoor decks—perfect for relaxing after a day at the beach or entertaining guests. Located in the sought-after Bermuda Bay community, guests enjoy resort-style amenities at the Elbow Beach Club, including a pool, cabanas, water features, and slide-key amenities that add to the vacation experience. Community sound access provides opportunities for kayaking and beautiful sunset views. Just 1.2 miles to Ocean Bay Blvd beach access, featuring parking, bath house, and accessibility features. Shopping, restaurants, and popular OBX attractions—including the Wright Brothers Monument—are all just minutes away. Recent improvements include a new roof in 2025, HVAC in 2026, and a new rear deck in 2026. Now priced at $299,000, this is a compelling opportunity to own a turnkey, income-producing Outer Banks property with strong rental appeal, resort-style amenities, and a prime Kill Devil Hills location.